The Weld Trust
- Assets
- $536.3m
- Revenue
- $29.3m
- Investments
- $330.0k
- Employees
- 21
- Location
- Greeley, CO
- Founding
- 01/1996
- Data as of
- 12/2020
- EIN
- 74-2358522
Organization Overview
The Weld Trust is located in Greeley, CO. The organization was established in 1996. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2021, Weld Trust employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Weld Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Weld Trust generated $29.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $14.0m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (17.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Weld Trust has awarded 101 individual grants totaling $41,165,458. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO POSITIVELY IMPACT THE HEALTH, EDUCATION, AND WELLNESS OF WELD COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WELD TRUST PHILANTHROPICALLY CONTRIBUTES TO ENHANCE THE HEALTH AND EDUCATION QUALITY OF CITIZENS OF WELD COUNTY. THROUGH GRANTS TO NONPROFIT ORGANIZATIONS, SCHOOLS, AND GOVERNMENT ENTITIES, THE WELD TRUST AIMS TO POSITIVELY IMPACT THE EDUCATION AND WELLNESS OF WELD COUNTY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Carlson CEO | Officer | 40 | $263,265 |
Michael Bond COO | Officer | 50 | $177,836 |
Rhonda Morehead Director Of Communications | 50 | $168,789 | |
Ramon Serrano CFO | Officer | 40 | $149,276 |
Kyle Holman Director Of Health Grants | 50 | $139,173 | |
Bob Murphy Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Elder Construction Inc General Contractor | 12/30/18 | $233,771 |
Gh Phipps Construction Co General Contractor | 12/30/18 | $1,325,113 |
Wsp Usa Corp Jpm Mep Contractor | 12/30/18 | $359,778 |
Braconier Plumbing Heating Plumbing/heating | 12/30/18 | $231,112 |
Whiting-turner Contracting General Contractor | 12/30/18 | $225,033 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,000 |
| Total Program Service Revenue | $0 |
| Investment income | $11,880,708 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $357 |
| Net Rental Income | $84,129 |
| Net Gain/Loss on Asset Sales | $17,190,341 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,341,984 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,084,678 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $199,338 |
| Compensation of current officers, directors, key employees. | $199,338 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,672 |
| Pension plan accruals and contributions | $12,315 |
| Other employee benefits | $0 |
| Payroll taxes | $98,376 |
| Fees for services: Management | $83,335 |
| Fees for services: Legal | $99,869 |
| Fees for services: Accounting | $67,240 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,586,693 |
| Fees for services: Other | $209,523 |
| Advertising and promotion | $24,673 |
| Office expenses | $83,556 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,178 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,041 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $196,923 |
| Insurance | $28,514 |
| All other expenses | $0 |
| Total functional expenses | $13,968,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,591,751 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $83,403 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $34,008,369 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $12,578,274 |
| Investments—publicly traded securities | $484,263,557 |
| Investments—other securities | $330,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,433,531 |
| Total assets | $536,288,885 |
| Accounts payable and accrued expenses | $136,218 |
| Grants payable | $29,826,895 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $611,091 |
| Total liabilities | $30,574,204 |
| Net assets without donor restrictions | $505,714,681 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $536,288,885 |
Grants Awarded
Over the last fiscal year, The Weld Trust has awarded $7,908,129 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
Phoenix, AZ PURPOSE: INDIGENT CARE | $5,000,000 |
Greeley, CO PURPOSE: CORNERSTONE PARTNERSHIP, COLORADO READING CORPS, WELD PROJECT CONNECT | $578,069 |
THE SUCCESS FOUNDATION SERVING GREELEY-EVANS SCHOOLS INC PURPOSE: SMARTLAB PROJECT | $385,543 |
WELD COUNTY SCHOOL DISTRICT 6 PURPOSE: DIRECTOR & EMPLOYEE DISCRETIONARY GRANTS | $290,000 |
Greeley, CO PURPOSE: GENERAL OPERATING SUPPORT | $267,500 |
Denver, CO PURPOSE: HOSPITAL HOUSING PROGRAM | $244,223 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Weld Trust has recieved totaling $168,240.
| Awarding Organization | Amount |
|---|---|
North Colorado Medical Center Foundation Inc Greeley, CO PURPOSE: EQUIPMENT AND CAPITAL | $168,240 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ibew Local Union No 347 Health & Welfare Fund Salt Lake City, UT | $63,675,578 | $34,998,053 |
Regional West Health Services & Affiliated Employee Benefit Trust Scottsbluff, NE | $5,369,125 | $34,323,197 |
Phoenix Childrens Hospital Foundation Phoenix, AZ | $169,654,269 | $46,955,986 |
Operating Engineers Health And Welfare Trust Fund For Colorado Arvada, CO | $27,494,778 | $20,685,381 |
Motor Car Dealers Assn Of Greater Kansas City Health & Welfare Fund Overland Park, KS | $2,304,856 | $21,574,079 |
Catholic Health Initiatives Colorado Foundation Centennial, CO | $87,057,736 | $22,290,693 |
Banner Health Foundation Phoenix, AZ | $138,766,928 | $27,502,678 |
Saint Francis Health System Inc General/Professional Liability Los Tulsa, OK | $35,657,077 | $16,772,953 |
Sun Health Foundation Sun City West, AZ | $41,548,364 | $9,339,372 |
Wyoming Machinery Company Employee Medical Benefit Trust Casper, WY | $617,446 | $14,203,698 |
The Weld Trust Greeley, CO | $536,288,885 | $29,341,984 |
Nebraska Methodist Hospital Foundation Omaha, NE | $173,830,201 | $26,097,640 |